Richard Teng Takes Charge as Binance CEO Following Changpeng Zhao’s Exit Teng brings an extensive history in the finance sector to his new role at Binance. His career spans various significant roles in regulatory and financial bodies,
including the Singapore Exchange and Abu Dhabi Global Market. Additionally, he has amassed over a decade of experience at the Monetary Authority of Singapore.
“It is an honour and with the deepest humility that I step into the role of Binance’s new CEO. We operate the world’s largest cryptocurrency exchange by volume. The trust placed on us by our 150 [million] users and thousands of employees is a responsibility that I take seriously and hold dear”, Teng said on the social media platform X
Teng said that his goals are to reinforce Binance customers’ confidence in the company’s soundness, engage with regulatory bodies worldwide, and collaborate with partners to forward the adoption of Web3.
Adam Cochran, partner at Cinneamhain Ventures, told Teng that
he hoped the exchange could “raise the bar.” Cochran remarked that he was “wiping the slate clean” in regard to his opinion of Binance and wished Teng and company a “new journey.”
